Monday, December 27, 2010

Cisco wants to use M & A opportunities to expand business opportunities in China's smart grid.

The world's leading network equipment maker Cisco believes its intelligent power grid products there is a huge business opportunities in China, and said that if you have the opportunity to adopt the way of mergers and acquisitions for the expansion of the market in China.

Cisco intelligent power sector Senior Vice President Laura Ipsen Wednesday in the Reuters global climate summit with alternative energy sources, said the next five to seven years, Cisco Intelligent global network exists in the area of 150-200 billion dollars of business opportunities, but this is not the same as compared to the Chinese markets are still dwarfed by the China construction of intelligent network will keep growing, Cisco with some information about home energy management of research and development.

Ipsen said: "by 2030, China market business opportunities will be up to 600 $. General Electric, IBM, Siemens, and so many large companies are exploring business opportunities in China market. ”

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